Newsletters & Newsflashes

On 29 January 2025, the Luxembourg Tax Authorities (“ LTA”) issued a new Circular LITL No. 164/1 (the “ New Circular”), replacing Circular LIR No. 164/1 dated 23 March 1998 (the “ Previous Circular”) on the interest rates related to current account of associates or shareholders of entities subject

Significant changes have taken place in the Luxembourg tax landscape in the course of the year 2024, as demonstrated by the intense legislative activity until the last days of 2024, with several measures taking effect as from fiscal year 2025, as summarised below. Corporate taxpayers Corporate

On 4 October 2024, the European Court of Justice (the “ ECJ”) (Case C-585/22) ruled that Article 49 of the Treaty on the Functioning of the European Union (the “ TFEU”), which guarantees the freedom of establishment, does not preclude national legislation from fully denying the deduction of interest

On 11 December 2024, the Luxembourg Indirect Tax Authorities ( Administration de l’enregistrement, des domaines et de la TVA) issued a new circular No. 781-2 on the VAT treatment of director’s fees following the decision of the European Court of Justice (the “ ECJ”) in case C-288/22, TP v

On 16 October 2024, the Lower Administrative Court ( Tribunal administratif ) annulled a decision by the Director of the Luxembourg Tax Authorities (“ LTA”) ( Administration des contributions directes) to uphold and increase the amount of a fine imposed by the Tax Office on a tax consultancy company

Introduction On 5 November 2024, the Council adopted several measures aimed at conforming the value added tax (“ VAT”) rules to the digital age. The ViDA package will bring major changes to the VAT system. The ViDA package is based on three main pillars: Pillar 1: digital VAT reporting This first

The Law of 25 January 2025 was published in the Journal Officiel du Grand-Duché de Luxembourg on 27 January 2025 and will enter into force on 1 February 2025. This new legislation is designed to: adapt the legislation to current practice, improve the quality of information, provide the

On 23 December 2024, Draft Law No. 8476 was issued to implement key provisions of Regulation (EU) 2024/1689 of the European Parliament and of the Council of 13 June 2024, which establishes harmonized rules on artificial intelligence (the AI Regulation). The Draft Law, currently pending approval by

The European Parliament has recently introduced Regulation (EU) 2023/2631 of 22 November 2023 on European Green Bonds (the “ EuGB Regulation”). The EuGB Regulation aims to provide a unified standard for green bond issuance in the EU, supporting both EU and non-EU issuers, public and private entities

The Digital Operational Resilience Act (Regulation (EU) 2022/2554) (“ DORA” or the " Regulation") entered into application on 17 January 2025. In the final months leading up to this significant milestone , there have been several noteworthy developments aimed at facilitating compliance with DORA, in

The Markets in Crypto-Assets Regulation (“ MiCAR ”) and the various recent legal and regulatory developments related to MiCAR are contributing to the establishment of a more comprehensive and cohesive legal framework regulating the crypto-asset markets in the EU. In this article, we will summarise

ESMA feedback statement on consultation on the securitisation disclosure templates under Article 7 On 21 December 2023, ESMA launched a consultation paper (the " Consultation") on the securitisation disclosure templates under Article 7 of the Regulation (EU) 2017/2402 (the " EU Securitisation